AVAX-ZAR price

AVAX is the native cryptocurrency of the Avalanche blockchain. It is used to pay transaction fees on that network and to secure the platform through staking.

Right now, 1 Avalanche is worth R .

Right now, 1 South African rand is equal to AVAX.

Launched in 2020, Avalanche is an Ethereum-compatible blockchain designed to provide faster and cheaper transactions. It is secured by a Proof-of-Stake system, like Ethereum.

Subnets are interoperable sub-networks of Avalanche with their own rules, fees and security features.

Download the Core browser extension here, fund it with AVAX, then go to core.app/stake and follow instructions to stake your AVAX.

You will need a minimum of 25 AVAX to participate in staking.

The price of AVAX refers to a global price that is calculated by making a volume-weighted average of its real-time price on many different exchange platforms where it is traded, such as Binance, Bybit, OKX, Coinbase, Kraken, etc.

Avalanche was developed by Emin Gün Sirer and some of his research students, who then created the Ava Labs company to oversee the chain's development.

You never store AVAX in itself. Instead, you store the private key giving you access and control over a AVAX address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send AVAX, you use an Avalanche wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy Avalanche with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy Avalanche.

You can swap AVAX with us by clicking here against one of the cryptocurrencies that we support, using any self-custodial Avalanche wallet. For more information, have a look at our step-by-step tutorial on how to swap Avalanche.

To cash out Avalanche with us, you simply need to transfer your crypto to our address. We'll convert your AVAX in ZAR, then transfer the funds to your bank account in South Africa. For more information, have a look at our step-by-step tutorial on how to sell Avalanche.